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The Bank of England plans to improve management of the Sterling Overnight Index Average, an index of interbank-lending costs. The central bank will broaden data used to calculate the index to make it more representative of the money market. The BoE is scheduled to take over as sole administrator of the index next year.

Deutsche Bank is digging through a backup archive after discovering that transcripts of internal electronic chats were not given to authorities during an investigation of interest-rate manipulation, sources say. A chat system has not archived as far back as 2005 because of a software glitch, the bank reportedly told regulators in May.

U.S. Solicitor General Donald Verrilli Jr. has requested that the Supreme Court review an appeals court's decision that he says lets company insiders give nonpublic information to business associates, friends and relatives. "The effect of the new rule will be to hurt market participants, disadvantage scrupulous market analysts, and impair the government's ability to protect the fairness and integrity of the securities markets," the government said.

Even amid currency swings, investors with broad exposure to global equity markets can earn as much as 12% annually, says a study by Cass Business School, the Bank of England and City University of Hong Kong. Exchange-rate movement does little to undercut returns, according to an analysis of more than 30 years of data from more than 40 stock markets.

Entities participating in cross-border derivatives deals involving jurisdictions with inconsistent margin rules could end up having to comply with the more stringent of the two, lawyers and dealers say. They say conflicts should be resolved by mutual-recognition arrangements.

Disagreements over monopoly periods for new drugs and restrictions on farm exports are some key obstacles delaying completion of the Trans-Pacific Partnership trade deal. Trade ministers from 12 countries are in Hawaii to work out the final issues.

U.S. gross domestic product advanced an annualized 2.3% in the second quarter, while Q1 GDP was upgraded to a 0.6% gain, the Commerce Department said. A 2.9% increase in consumer spending drove Q2's higher growth rate.

The Commodity Futures Trading Commission should take a staged approach to limiting speculative positions, member J. Christopher Giancarlo says. The CFTC should first implement restrictions on the spot month, then limit positions on nonspot months, he says.

Uber Technologies plans to spend $1 billion during the next nine months to expand in India. The company intends to provide more than 1 million trips per day. Uber is "extremely bullish" on India because of its economic growth, says Amit Jain, president of Indian operations.

Household spending declined 2% last month compared with June 2014, after two months of growth, according to the Japanese Ministry of Internal Affairs and Communications. Economists surveyed by Market News International had anticipated a 1.4% increase. Rainstorms held down spending on cars, home repairs and seasonal clothing.